Rental information site Zumper recently released their monthly National Rent Report showing that their median national rent for 1-bedroom apartments was $1,254 and the median two-bedroom rent was $1,544. Compared to this time last year these figures are up 3% and 4.8%, respectively. Be sure to check out their list of the top 100 metro areas.
“The COVID-19 pandemic has caused one of the largest waves of migration in recent memory. Expensive coastal markets have seen precipitous rent drops as high-income earners eluded strict lockdown orders, while smaller cities not often thought of as destinations experienced population booms that drove up rents.”